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GoCoins is a peer-to-peer marketplace that allows users to trade everything from cryptocurrency tokens or gift cards to celebrity memorabilia. GoCoins supports over 20 different altcoins, and its transparent security is the best in the industry. When you sign up, you'll need an email address and password for your personal account; then, you will be given a username and password for your trading account and a GoCoin wallet for all your purchases on the website.
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Users can start buying and selling immediately, but you do not have access to the wallets that house their cryptocurrency funds. To access your wallet, you'll need to go through a verification process. This is important because it ensures that only real people are allowed on the market.
There are two different layers of verification at GoCoins. First, you must verify your identity via documents such as your passport or driver's license. When you have met one of these verification requirements, you'll be able to create a personal trading account linked to your new cryptocurrency wallet.
To act as the custodian for your wallet, you'll have control over all your funds. You can set limits on what percentage of your funds can be used at any one time and how frequently they're able to be used. After this step is complete, your GoCoins account will be able to store some small amount of cryptocurrency for each user who has verified their identity on the website.
Once you have verified your account, you can purchase anything from the website. GoCoins accepts most major altcoins, including Bitcoin (BTC), XMR, and Zcoin. You can also buy gift cards for major stores like Amazon or restaurants like Burger King.
The company has a wide variety of items for sale on its marketplace, but it's not perfect. You'll need to search through various categories, including coins, collectibles, and miscellaneous markets, when shopping there.
The company has categorized the items it offers to its users based on what they're selling and the customer preferences of its trading partners. You'll notice that each offer is clearly labeled when you buy an item. If you have any questions about a particular listing, you'll need to contact the person who made the post to get the full story.
To make your transactions safe, GoCoins employs several security measures. It can detect duplicate or fraudulent orders and offers the option of asking for further verification from the seller. This is a preventive measure and an extra line of defense for users buying digital currency items on the website.
GoCoins is a great place to start if you're looking for extra income or something to buy with your cryptocurrency. It's certainly not the only peer-to-peer marketplace, but it has some of the best security measures and customer support personnel worldwide.
Pros & Cons of GoCoins.com
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